Business Standard

Sheetal Cool Products Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

24.00 cr

Price Range (₹)

80

Lot Size

1600

Min Investment (₹)

1,28,000.00

Listing Exchange

BSE - SME

Open Date

16-Oct-2017

Close Date

18-Oct-2017

Listing Date

30-Oct-2017

Sheetal Cool Products Ltd News

    The Shares of Sheetal Cool Products Ltd have now been listed.

    Sheetal Cool Products Ltd IPO Details

    Public issue of 30,00,000 equity shares of a face value of Rs. 10/- each (the equity shares) of Sheetal Cool Products Limited (The Company or SCPL or The Issuer) for cash at a price of Rs. 80/- per equity share (including a share premium of Rs. 70.00 per equity share) (issue price) aggregating to Rs. 24.00 crores (the issue) of which 1,68,000 equity shares aggregating to Rs. 1.34 crores will be reserved for subscription by market maker (market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 28,32,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 80.00 per equity share aggregating to Rs. 22.66 crores is herein after referred to as the net issue. The issue and the net issue will constitute 28.57% and 26.97%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs.10 each.The issue price is Rs. 80 and the issue price is 8 times the face value.

    Objective of issue

    To purchase additional plant & machineries at the existing manufacturing facility. Funding of working capital requirements of the company. General corporate expenses.

    Sheetal Cool Products Ltd Contact Details

    Sheetal Cool Products Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - cs@sheetalicecream.com

    Website - www.scplco.com